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Moody Rambin Leases 27,194 SF in Town Centre I to Altus Group for Houston Office

Town Centre IMoody Rambin is pleased to announce that Altus Group Limited (“Altus Group”), a commercial real estate consulting and software company, has leased 27,194 square feet in Town Centre I, a 253,714-square-foot office building under construction at 700 Town & Country Boulevard. Altus Group plans to consolidate offices in the location for its ARGUS Software subsidiary, a leading, global provider of software and solutions for analyzing and managing real estate investments and for its Research, Valuation and Advisory group.

A development of Moody Rambin, Town Centre I is 30 percent pre-leased and will be completed by the end of February 2015. Altus Group is targeting to move in November 2015. Bob Cromwell and Kevin Nolan of Moody Rambin represented the landlord and Chad Beck of Cushman & Wakefield represented Altus Group in lease negotiations.

Town Centre I is a 10-story, 253,714-square-foot, Class-A office building and is part of the future 403,714-square-foot Town Centre complex which will include two office buildings, a 1,390-car parking garage and a new 21,000-square-foot, state-of-the-art community theater/auditorium for the Queensbury Theatre, formerly Country Playhouse, a theater group operating at the site since 1981.

The property is located on 4.6 acres in the middle of the 2.2-million-square-foot Town & Country Village lifestyle center and CityCentre mixed-use complex. The development is immediately accessible to Interstate 10/Katy Freeway and the West Sam Houston Parkway. Town Centre I features 27,194-square-foot floor plates, a two-level stone and wood lobby, energy-efficient construction and building systems, and all-weather access to the parking garage. The building is designed to be LEED Gold certified by the U. S. Green Building Council.

A second, eight-story, 150,000-square-foot, Class A office building, Town Centre II is planned for future development. Kirksey Architecture is the architect for Town Centre I. Gilbane is the general contractor. Frost Bank is providing construction financing.

Moody Rambin is Houston’s largest locally owned, full-service commercial real estate brokerage and property management firm. Established in 1969, Moody Rambin specializes in providing development, project leasing, tenant representation, disposition, consulting and property management services to owners and tenants throughout the United States. The firm’s portfolio includes office, retail and industrial properties.